Fortress acquires Noramco plant for $75M

WILMINGTON —  An asset management firm has acquired the long-standing Noramco pharmaceutical plant, one of Delaware’s oldest active pharmaceutical ingredients (API) manufacturers, on the final day of 2024. New York-based Fortress Investment Group acquired the plant for $75 million on Dec. 31, according to county land records. The company is considered a heavy hitter in

Already a subscriber? Log in

To continue reading this article ...

Subscribe to Delaware Business Times right now and get access to subscriber-only content like this article. Plus get 24 issues of DBT via print or digital, special bonus issues, and discounted registration for our in-person events.

– Digital Partners -